Market Research Reports, Inc.

Market Research Reports, Inc. has announced the addition of “Construction in Sweden - Key Trends and Opportunities to 2018” research report to their offering.

Lewes, DE -- (SBWIRE) -- 07/03/2014 -- The Swedish construction industry posted a compound annual growth rate (CAGR) of 4.21% during the review period (2009?2013), supported by private and public investments in infrastructural, residential, industrial and commercial construction projects. Despite the challenging environment, the outlook for the country’s construction industry is favorable due to the government’s commitment to improving the country’s infrastructure, meeting rising demand for residential units. Consequently, the construction industry’s output is expected to record a CAGR of 4.80% over the forecast period.

Key Highlights
- After rebounding from the downturn in 2009, gross value-added growth in the Swedish construction industry peaked at an annual rate of 9.5% in 2010. The pace of expansion returned to normal levels during 2011–2013, with the construction industry recording value-added growth rates of 3.4%, 4.3% and 4.6% annually in 2011, 2012 and 2013 respectively. Industry growth slowed in 2012, however, during the fourth quarter of 2013, production and investment in the construction industry started to show signs of recovery, resulting in the construction of more shopping malls, residential properties and transport infrastructure.

- According to Statistics Sweden (SCB), the construction of new buildings in 2013 increased by 46.0%, from 21,294 units in 2012 to 31,000 units in 2013, while the number of buildings completed increased by only 12.0%, from 25,993 units in 2012 to 29,225 units in 2013. The country faces a housing shortage and this, together with better access to credit, has fueled the rise in housing prices. The government is planning to implement measures to control household debt, which are among the highest in Europe. It is also supporting efforts to increase the housing supply.

- According to the SCB, household consumption increased by 1.1% during the first quarter of 2014, compared with the fourth quarter of 2013, and is expected to increase further due to an expansion in salaries. According to the SCB, during the first-quarter of 2014, the number of employed persons rose by 1.4% and gross pay by 3.4% compared with the fourth quarter of 2013. This led Unibail-Rodamco Se ? Europe's largest listed commercial property company ? to undertake the construction of two shopping malls in Stockholm.

- Sweden’s population grew from 9.3 million in 2008 to 9.6 million in 2013, representing an increase of 3.1%, and the country’s employment rate increased from 4.5% in 2010 to 4.7% in 2013. According to the SCB, the population is expected to reach 11.8 million by 2060. This, coupled with a rise in employment figures, will result in a strong demand for new housing.

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